Woolworths Holdings Limited · JSE:WHL
Woolworths — FY2003 Earnings Presentation
11 slides from Woolworths's earnings presentation, August 2003
Slide 1: Financial services
financial services
Slide 2: Woolworths Financial Services performance 2002/03: ups and downs
woolworths financial services performance 2002/03 UPS • Profit growth very healthy – high interest rates and growth in portfolios combined with good bad debt and expense management • WW Card portfolio - strong growth – consistent sales contribution • Personal Loan portfolio - steady growth – majorit
Slide 3: The Woolworths card
woolworths financial services performance 2002/03 the woolworths card 1,046 1,020 000 979 000 000 893 000 R982m R1,149 R1,349 R1,669 m m m Jun 2000 Jun 2001 Jun 2002 Jun 2003 Debtors Book Active Accounts
Slide 4: Card contribution to sales
woolworths financial services performance 2002/03 woolworths card contribution to sales 31.0% 31.8% 31.6% 30.4% Jun 2000 Jun 2001 Jun 2002 Jun 2003
Slide 5: The Woolworths card – net bad debt moving annual
woolworths financial services performance 2002/03 the woolworths card – net bad debt moving annual 3.29% 3.33% 2.46% 1.99% Jun 2000 Jun 2001 Jun 2002 Jun 2003 moving annual percentages
Slide 6: Personal loans 2002/03
woolworths financial services performance personal loans 2002/03 107 000 88 000 68 000 43 000 R142m R287m R382m R455m Jun 2000 Jun 2001 Jun 2002 Jun 2003 Debtors Book Active Accounts
Slide 7: Personal loans net bad debt moving annual
woolworths financial services performance 2002/03 personal loans net bad debt moving annual 3.02% 3.14% 1.89% 0.68% Jun 2000 Jun 2001 Jun 2002 Jun 2003 moving annual percentages
Slide 8: Unit trusts – domestic equity and international
woolworths financial services performance 2002/03 unit trusts – domestic equity and international R35m R35m R27m 17 000 R15m 14 000 10 000 4 000 Jun 2000 Jun 2001 Jun 2002 Jun 2003 Fund Size No Of Accounts
Slide 9: The Woolworths Visa credit card
woolworths financial services performance 2002/03 the woolworths visa credit card R106m R70m R47m 34 000 23 000 11 000 13 000 R5m Jun 2001 Dec 2001 Jun 2002 Jun 2003 Fund Size No. Of Accounts
Slide 10: Delinquency levels: WW card and personal loan
woolworths financial services performance 2002/03 WW card Jun 03 Dec 02 June 02 Dec 01 Current – delinquency level 2 94.8 95.6 94.6 95.1 > Delinquency level 2 5.2 4.4 5.5 4.9 WW personal loan Current – delinquency level 2 97.6 97.7 97.7 97.9 > Delinquency level 2 2.4 2.3 2.3 2.1
Slide 11: Strategy 2003/04
woolworths financial services strategy 2003/04 • Launch WW Visa loyalty scheme in W Cape, followed by national rollout • Pilot debit card in second half • In-store presence • Refine unit trust distribution model • Stabilise systems platform • Support responsible card and loans portfolio growth with